YZERSTERK: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
YZERSTERK
Largest movements
- Receivables within one year +€24,817
up €24,817 (+13.3%), from €186,174 to €210,991
of which Trade receivables: +€24,817
- Tangible fixed assets -€7,198
down €7,198 (-8.4%), from €85,393 to €78,195
of which Land and buildings: -€6,780
- Cash -€3,850
down €3,850 (-48.7%), from €7,913 to €4,063
mainly Receivables within one year (-€24,817) and Current portion of long-term debt (-€10,616)
- Tax, wage and social debts +€19,335
up €19,335 (+114.3%), from €16,914 to €36,249
of which Taxes: +€10,359
- Reserves +€15,986
up €15,986 (+22.1%), from €72,343 to €88,330
- Current portion of long-term debt -€10,616
down €10,616 (-75.0%), from €14,154 to €3,538
- Trade debts -€5,700
down €5,700 (-54.9%), from €10,375 to €4,676
- Debts after one year -€3,538
down €3,538 (-100.0%), from €3,538 to €0
- Gross operating margin +€23,958
up €23,958 (+37.4%), from €64,078 to €88,036
- Taxes +€4,648
up €4,648 (+2622.3%), from €177 to €4,825
- Depreciation -€3,837
down €3,837 (-20.9%), from €18,371 to €14,534
- Staff costs +€3,178
up €3,178 (+6.9%), from €46,183 to €49,361
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,880 | €305,096 | +€14,215 | +4.9% |
| Fixed assets | 21/28 | €86,828 | €79,251 | -€7,578 | -8.7% |
| Intangible fixed assets | 21 | €1,435 | €1,055 | -€380 | -26.5% |
| Tangible fixed assets | 22/27 | €85,393 | €78,195 | -€7,198 | -8.4% |
| Land and buildings | 22 | €58,262 | €51,481 | -€6,780 | -11.6% |
| Plant, machinery and equipment | 23 | €21,589 | €22,218 | +€629 | +2.9% |
| Furniture and vehicles | 24 | €5,542 | €4,496 | -€1,046 | -18.9% |
| Current assets | 29/58 | €204,052 | €225,845 | +€21,793 | +10.7% |
| Stocks and contracts in progress | 3 | €301 | €237 | -€64 | -21.4% |
| Stocks | 30/36 | €301 | €237 | -€64 | -21.4% |
| Amounts receivable within one year | 40/41 | €186,174 | €210,991 | +€24,817 | +13.3% |
| Trade receivables | 40 | €182,086 | €206,904 | +€24,817 | +13.6% |
| Other amounts receivable | 41 | €4,088 | €4,088 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,913 | €4,063 | -€3,850 | -48.7% |
| Deferred charges and accrued income | 490/1 | €9,664 | €10,554 | +€890 | +9.2% |
| Total equity and liabilities | 10/49 | €290,880 | €305,096 | +€14,215 | +4.9% |
| Equity | 10/15 | €90,893 | €106,880 | +€15,986 | +17.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €72,343 | €88,330 | +€15,986 | +22.1% |
| Distributable reserves | 133 | €72,343 | €88,330 | +€15,986 | +22.1% |
| Amounts payable | 17/49 | €199,987 | €198,216 | -€1,771 | -0.9% |
| Amounts payable after more than one year | 17 | €3,538 | €0 | -€3,538 | -100.0% |
| Financial debts | 170/4 | €3,538 | €0 | -€3,538 | -100.0% |
| Amounts payable within one year | 42/48 | €196,344 | €197,841 | +€1,497 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €14,154 | €3,538 | -€10,616 | -75.0% |
| Trade debts | 44 | €10,375 | €4,676 | -€5,700 | -54.9% |
| Suppliers | 440/4 | €10,375 | €4,676 | -€5,700 | -54.9% |
| Taxes, remuneration and social security | 45 | €16,914 | €36,249 | +€19,335 | +114.3% |
| Taxes | 450/3 | €5,463 | €15,822 | +€10,359 | +189.6% |
| Remuneration and social security | 454/9 | €11,451 | €20,427 | +€8,975 | +78.4% |
| Other amounts payable | 47/48 | €154,900 | €153,378 | -€1,522 | -1.0% |
| Accrued charges and deferred income | 492/3 | €105 | €375 | +€270 | +256.5% |
| Remuneration, social security and pensions | 62 | €46,183 | €49,361 | +€3,178 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,371 | €14,534 | -€3,837 | -20.9% |
| Other operating charges | 640/8 | €1,407 | €1,384 | -€23 | -1.6% |
| Gross operating margin | 9900 | €64,078 | €88,036 | +€23,958 | +37.4% |
| Operating profit (loss) | 9901 | -€1,883 | €22,757 | +€24,640 | |
| Financial income | 75/76B | €0 | €50 | +€50 | |
| Recurring financial income | 75 | €0 | €50 | +€50 | |
| Financial charges | 65/66B | €2,158 | €1,996 | -€162 | -7.5% |
| Recurring financial charges | 65 | €2,158 | €1,996 | -€162 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,041 | €20,811 | +€24,852 | |
| Income taxes | 67/77 | €177 | €4,825 | +€4,648 | +2622.3% |
| Profit (loss) for the period | 9904 | -€4,218 | €15,986 | +€20,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,218 | €15,986 | +€20,204 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.